Argentina: Market for Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof 2024

Market Size for Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof in Argentina

In 2022, after two years of growth, there was decline in the Argentinian penicillins or streptomycins medicaments market, when its value decreased by -4% to $X. The market value increased at an average annual rate of +4.2% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Penicillins or streptomycins medicaments consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof in Argentina

In value terms, penicillins or streptomycins medicaments production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when the production volume increased by 57%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Exports from Argentina

In 2022, overseas shipments of medicaments of penicillins, streptomycins or derivatives thereof increased by 139% to X tons for the first time since 2017, thus ending a four-year declining trend. Overall, exports, however, showed a deep downturn. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, penicillins or streptomycins medicaments exports surged to $X in 2022. In general, exports, however, saw a abrupt shrinkage. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Mexico (X tons), Bolivia (X tons) and Brazil (X tons) were the main destinations of penicillins or streptomycins medicaments exports from Argentina, with a combined 44% share of total exports. Guatemala, Peru, Ecuador, Paraguay, Chile and Uruguay lagged somewhat behind, together accounting for a further 44%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Guatemala (with a CAGR of +41.5%), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Bolivia ($X) and Guatemala ($X) appeared to be the largest markets for penicillins or streptomycins medicaments exported from Argentina worldwide, with a combined 46% share of total exports.

Guatemala, with a CAGR of +51.4%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average penicillins or streptomycins medicaments export price stood at $X per ton in 2022, growing by 3.8% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the average export price increased by 8.8% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Uruguay ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+7.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Medicaments Of Penicillins, Streptomycins Or Derivatives Thereof

Imports into Argentina

For the fifth year in a row, Argentina recorded decline in supplies from abroad of medicaments of penicillins, streptomycins or derivatives thereof, which decreased by -18.5% to X tons in 2022. In general, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2017 when imports increased by 33% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, penicillins or streptomycins medicaments imports fell remarkably to $X in 2022. Over the period under review, imports recorded a abrupt decrease. The pace of growth was the most pronounced in 2017 when imports increased by 50%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Brazil (X tons), Italy (X tons) and Austria (X tons) were the main suppliers of penicillins or streptomycins medicaments imports to Argentina, with a combined 94% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +22.5%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest penicillins or streptomycins medicaments suppliers to Argentina were Italy ($X), Brazil ($X) and Austria ($X), together comprising 91% of total imports.

Brazil, with a CAGR of +13.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average penicillins or streptomycins medicaments import price stood at $X per ton in 2022, declining by -7.6% against the previous year. Overall, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, penicillins or streptomycins medicaments import price increased by +32.5% against 2019 indices. The growth pace was the most rapid in 2013 when the average import price increased by 48%. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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